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Inside Radio’s Outsourcing Movement: ‘Voice-Tracking’ DJs Are Working Faster for Less
Although iHeart and Entercom oversee their in-house voice-tracking networks from their home bases in San Antonio and Philadelphia, smaller radio companies rely on talent agencies such as Skid Trax, a 10-year-old service that links stations with veteran DJs such as Marisay and Ashley & Brad, the morning-show duo for Simi Valley, California, country station KWSV. And lately business is booming: Between 2018 and 2019, Skid Trax increased the number of stations it works with by 7%; between 2019 and 2020, the increase was 43%. Skid Trax personalities have been “getting more and more calls,” says Tonya Campos, a former program director who co-founded the company 10 years ago, and co-founder Michael Raffety adds: “For the local talent, it’s sad. For a show like Ashley & Brad, like it or n...
Former CAA Music Agent Aaron Tannenbaum Joins WME
He joins the Hollywood talent agency as a partner, based in Nashville. Veteran music agent Aaron Tannenbaum has joined WME as a partner, based in its Nashville office. The former CAA agent represented country music artists within the touring industry while with the rival Hollywood talent agency since 2010. Before that, Tannenbaum worked at Paradigm. “Aaron has earned a reputation in our business as an agent who has a strong ability to identify talent and takes the long-view in building an artist’s career, making him a great fit for us,” Scott Clayton, WME’s co-head of music, said in a statement. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and ma...
OneRepublic’s Ryan Tedder Sells Majority Stake in Catalog to KKR
The catalog of nearly 500 songs written, recorded or produced by Tedder encompasses all OneRepublic songs — including hits “Apologize,” “Secrets” and “Counting Stars” — as well as Tedder’s work with artists like Beyoncé, U2, Paul McCartney, Adele, Stevie Wonder, Ed Sheeran, Lady Gaga, Cardi B and Jonas Brothers. Going forward, KKR will collaborate with Tedder to “expand upon the success and reach” of his and OneRepublic’s music, according to a press release. Formerly known as Kohlberg Kravis Roberts & Co., KKR has a long history of music industry investments. It teamed with Bertelsmann for the music rights joint venture BMG Rights Management in 2009, controlling 51% until Bertelsmann t...
Spotify Stock Price Hits New All-Time High
What recession? The leader in the fast-growing music streaming market, Spotify reached an all-time high of $354.60 on the New York Stock Exchange on Friday, and closed at $353.48, up 7% from Thursday’s closing price and up 12.2% for the week. At Friday’s high, Spotify’s enterprise value rose to roughly $66.1 billion. Why the investor enthusiasm? An obvious factor is Bank of America Merrill Lynch analyst Jessica Reif Ehrlich’s price target hike from $357 to $428 on Wednesday. But a number of factors have had investors excited about the stock over the past year: It is the leader in music streaming and is aggressively expanding its podcast business, most notably with the strong — although controversial — launch for the Joe Rogan Experience podcast. Plus, limited pricing experiment...
Gibson Acquires Iconic Amp Manufacturer Mesa/Boogie
Under the terms of the acquisition, Smith will join Gibson as master designer and “pioneer of Mesa/Boogie.” “At Gibson we are all about leveraging our iconic past and leaning into the innovative future, a quest that started over 100 years ago with our founder Orville Gibson,” said Gibson Brands president and CEO James “JC” Curleigh. “Today this quest continues with the addition of Mesa Boogie into the Gibson Brands family, along with the visionary leadership of Randy Smith and his Team who, for the past 50 years, have created an iconic and innovative brand that has stood the test of time. This is a perfect partnership based on our collective professional experiences and passion for sound.” “I’m 75 years-old and still at work every day,&...
Hip-Hop, Latin & Vinyl’s Popularity Grew in 2020 (Rock, Pop & CDs’ Did Not)
Roddy Ricch’s “The Box” (via Atlantic) was the top streaming song in 2020 with 1.3 billion on-demand streams, beating out Future’s “Life Is Good” featuring Drake (via Epic), which had 1 billion on-demand streams. Lil Baby’s My Turn (via Quality Control) was the No. 1 album for the year, generating 2.6 million consumption units, with Taylor Swift’s folklore (via Republic) coming in second at 2.2 million album consumption units — of which 1.3 million were from sales (including 796,000 from downloads), making it the year’s best-selling album. In fact, Swift placed four albums in the year’s top 200 albums, as her Lover album ranked No. 33 with 878,000 album consumption units; evermore was No. 70 with 569,000 units and 1989 was No. 116 with 428,000 units. For the 21st year in a...
Recoup, There It Is: An Artist’s Guide to Royalty Hunting (Guest Column)
The good news is that, thanks in large part to a growing coalition of artist advocates, led by SoundExchange, many countries are beginning to pay American performers. In the coming years, we expect most countries to accept the notion of “National Treatment,” which means that if you pay your citizens, you pay American citizens, too. So, now’s the time to register with a collection agent for your works. If you are a producer or musician, make sure you are properly credited for all the parts you play. That helps significantly in some countries, like Germany. This revenue can range from a few bucks to a few hundred thousand dollars. It matters, so get it straight. 2. The Desk Audit: If you are signed to a record label or music publisher, it’s a good idea to investigate ...
Roblox Raises $520M From Warner Music Group and Others
Warner Music Group has been focused on growing its footprint in gaming for some time. “Ultimately, everything is going toward gaming, and we want to make sure we’re capturing value within it. It’s the future of entertainment,” Oana Ruxandra, Warner Music Group’s chief digital officer, told Billboard last September. The music industry has certainly been flocking toward gaming platforms over the past year, with Travis Scott pulling in 27.7 million participants during his Fortnite in-game performance last April, kicking off a wave of artists looking to set up virtual concerts on similar platforms. Roblox launched its first virtual concert in November, with a virtual concert by Lil Nas X that racked up 33 million views. “COVID has supercharged the demand for 2D and 3D live streaming even...
Neil Young Sells 50% of Song Catalog to Hipgnosis
“I built Hipgnosis to be a company Neil would want to be a part of,” Mercuriadis said in a statement. “We have a common integrity, ethos and passion born out of a belief in music and these important songs… This is a deal that changes Hipgnosis forever and it’s a dream to welcome Neil, Frank, Bonnie and the team to the Hipgnosis family.” Young had been managed for decades by Elliot Roberts, who passed away last year. His affairs are now handled by Frank Gironda, an associate of Roberts who was mentioned in the announcement, as was Bonnie Levitan, another member of Young’s management team. Young, 75, has been releasing projects from his archives for the past few years, and in 2020 he put out two such sets, plus a 10-CD box set, Archives Volume II: 1972-1976. The terms of this deal were...
Alibaba Group To Shutter China’s Xiami Music Service
Xiami is one of the smaller digital music services in China. While user numbers are not publicly available, Xiami’s music penetration was less than 2% in 2019, with about five million Monthly Active Users in mainland China, according to local Chinese reports. The country’s biggest streaming platforms are QQ Music, Kugou Music, Kuwo Music and WeSing, all owned by tech giant Tencent Music Entertainment Group. Collectively those four services have more than 800 million users, says Tencent. Tencent’s biggest competitor is NetEase Cloud Music, operated by Chinese internet company NetEase, which claims to have more than 600 million registered users. Xiami and NetEase Cloud Music cut a deal in 2018 for the streaming services to share libraries and grow their respective repertoires — a move seen a...
UMG Beefs Up Leadership in Africa, Promoting Sipho Dlamini to CEO Role
All three executives will work closely with UMG’s French-speaking operations principally in Côte d’Ivoire, Senegal and Cameroon, which are overseen by Franck Kacou, directeur général, Universal Music Africa. The strengthening of its Africa leadership team is the latest move in Universal’s big bet on the continent. With an emphasis on A&R, UMG has been aggressively expanding its operations in Africa. Rather than licensing or distributing existing indie labels, Universal has invested in building lasting local infrastructure, including establishing divisions in Nigeria and South Africa, such as Def Jam Africa, which is focused around hip-hop, Afrobeats and trap. In 2018, UMG became the first major label to license its catalog to Boomplay, Africa’s largest local streaming platform. (In Sub...
Strictly Discs in Wisconsin, in a Pandemic: ‘Everybody Realizes We’re at a Critical Point for Retail’
We talked last time about how December is a really important month for you. How has business been the last couple of weeks? It’s been good. Madison has a very strong ‘buy local’ spirit, and we’re really feeling that love this year. In addition, so many customers, either on the phone or in person, are asking how we’re doing with genuine concern. I think everybody realizes that we’re at a critical point for retail and restaurants and local establishments, and everybody is hoping that their favorites will stay. That’s really heartening to hear, especially now with the pandemic, when it’s a lot more convenient and, I guess, safer for people to buy online or on Amazon. We definitely feel that in our business. I hesitate who I say this to, but the ...
